Issue - items at meetings - KD 4149 Revenue Monitoring Report: August 2015

Issue - meetings

KD 4149 Revenue Monitoring Report: August 2015

Meeting: 21/10/2015 - Cabinet (Item 8)

8 Revenue Monitoring Report: August 2015 pdf icon PDF 134 KB

A report from the Director of Finance, Resources and Customer Services is attached. This provides the latest revenue monitoring position as at 31 August 2015 for the Council as a whole.  (Key decision – reference number 4149)

(Report No.80)

(8.30 – 8.35 pm)

Minutes:

Councillor Andrew Stafford (Cabinet Member for Finance and Efficiency) introduced the report of the Director of Finance, Resources and Customer Services (No.80) setting out the Council’s revenue budget monitoring position based on information to the end of August 2015.

 

NOTED

 

1.               That the report forecast an outturn position of £4.0m overspend for 2015/16. This figure took account of the mitigation of the Enfield 2017 shortfall in 2015-16 of £7.1m that would be met from reserves in 2015/16. This would be fully achieved in 2016/17.

 

2.               The departmental monitoring information, budget pressures and projected savings, as set out in section 5 and the appendices to the report.

 

3.               Members noted in particular the financial pressures faced by Health, Housing and Adult Social Services and, Children’s Services. Any overspend by Health, Housing and Adult Social Services would be met through the use of one off earmarked reserves (paragraph 5.4 of the report referred).

 

4.               Tony Theodoulou, Interim Director of Children’s Services, outlined the pressures faced by Children’s Services through an increased number of unaccompanied asylum seeking children and families with no recourse to public funds. Local Authorities were continuing to lobby Central Government for appropriate funding to meet these growing demands.

 

5.               The achievement of savings as set out in section 8 and appendix C of the report.

 

6.               The capital programme and treasury management activity continued to be sound and financially prudent.

 

7.               The enormity of the Council’s 2017 programme was recognised. It was noted that the number of compulsory redundancies was minimal.

 

8.               Councillor Orhan highlighted her concerns and the need for adequate Government funding to meet the growing demand for children’s services. This was echoed by Councillor Cazimoglu in relation to Health, Housing and Adult Social Care.

 

Alternative Options Considered: Not applicable to this report.

 

DECISION: The Cabinet agreed

 

1.               To note the revenue outturn projection.

 

2.               That departments reporting pressures should formulate and implement action plans to ensure that all possible actions were undertaken to remain within budget in 2015/16.

 

Reason: To ensure that Members were aware of the projected budgetary position for the Authority, including all major budget pressures and underspends which had contributed to the present monthly position and that were likely to affect the final outturn.

(Key decision – reference number 4149)